What Must We Do to Fully Understand How Taxes Affect

Multiple Choice

What must we do to fully understand how taxes affect economic well-being

A) assume that economic well-being is not affected if all tax revenue is spent on goods and services for the Canadian public
B) know the dollar amount of all taxes raised in the country each year
C) compare the reduced welfare of buyers and sellers to the amount of government revenue raised
D) compare the expenditures of the federal government to its tax revenue